We use data on speeches held by members of the European Central Bank's (ECB) Executive Board to analyze whether clarity of central bank communication has increased over time. Employing readability measures as…
Central bank surveys frequently elicit households’ probabilistic beliefs about future inflation. However, most household surveys use a response scale that is tailored towards low-inflation regimes. Using data…
We exploit proprietary information on severed correspondent banking relationships (due to the stricter enforcement of financial crime regulation) to assess how payment disruptions impede cross-border trade.…
Macroeconomic expectations of various economic agents are characterized by substantial cross-sectional heterogeneity. In this paper, we focus on expectations heterogeneity among professional forecasters. We…
Finanzbildung kann das Finanzverhalten junger Erwachsener nachhaltig verbessern, sie in ihren Entscheidungen stärken und ihnen helfen, Chancen und Risiken zu erkennen. Digitale Tools, die finanzielle Inhalte mit…